Hobbit rights-owner backs Jackson for prequel
Saul Zaentz owns all the movie rights to the Hobbit and the Lord of the Rings.
Zaentz says, "It will definitely be shot by Peter Jackson. ... Next year The Hobbit rights will fall back to my company. I suppose that Peter will wait because he knows that he will make the best deal with us. And he is fed up with the studios: to get his profit share on the Rings trilogy he had to sue New Line. With us, in contrast, he knows that he will be paid fairly and artistically supported without reservation."